A synthetic lease is a financing technique structured to be an operating lease for the lessee’s financial accounting purposes and a financing for U.S. federal tax purposes. Synthetic leases are most ...

FASB and the International Accounting Standards Board (IASB) have narrowed their focus in anticipation of a vote next month on a lessee accounting model in their joint convergence project on leases.

The IASB, in contrast, decided on a single approach for lessee accounting. Under this approach, a lessee would account for all leases as Type A leases, recognizing amortization of the ROU asset ...

On August 17, the FASB and IASB released the final version of the exposure draft on lease accounting that significantly changes the way entities account for leases. Their exposure draft, Leases, ...

In yesterday's post, I summarized the anticipated rules for lessee accounting as they are outlined in the FASB's and IASB's final exposure draft on lease accounting (released August 17). Today I'd ...

The Financial Accounting Standards Board has decided to defer the development of a new accounting model for lessors, saying the project will now only address lessee accounting. FASB also agreed with ...

Lease accounting has undergone significant changes with the amendments to FRS 102, the financial reporting standard applicable for organisations in the UK ...